Commerzbank Aktiengesellschaft FI Invests $214,000 in GE Vernova Inc. (NYSE:GEV)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of GE Vernova Inc. (NYSE:GEV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,243 shares of the company’s stock, valued at approximately $214,000.

A number of other hedge funds have also added to or reduced their stakes in GEV. Hall Laurie J Trustee bought a new position in shares of GE Vernova in the 2nd quarter valued at $317,000. Chevy Chase Trust Holdings LLC acquired a new stake in GE Vernova in the second quarter valued at about $26,018,000. BigSur Wealth Management LLC bought a new position in GE Vernova in the second quarter valued at about $526,000. Carnegie Investment Counsel acquired a new position in GE Vernova during the second quarter worth about $1,206,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of GE Vernova in the second quarter worth about $1,624,000.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Daiwa America raised shares of GE Vernova to a “strong-buy” rating in a report on Friday, June 21st. Bank of America assumed coverage on shares of GE Vernova in a report on Wednesday, April 24th. They set a “neutral” rating and a $150.00 price target for the company. Daiwa Capital Markets began coverage on GE Vernova in a report on Friday, June 21st. They set an “outperform” rating and a $201.50 price objective on the stock. The Goldman Sachs Group boosted their price objective on GE Vernova from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Argus initiated coverage on GE Vernova in a research note on Thursday, June 13th. They set a “buy” rating and a $190.00 price target on the stock. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.83.

GE Vernova Stock Performance

Shares of NYSE:GEV traded up $0.26 during trading on Wednesday, reaching $184.26. The stock had a trading volume of 1,436,393 shares, compared to its average volume of 3,936,670. GE Vernova Inc. has a 52 week low of $115.00 and a 52 week high of $190.80. The business’s fifty day moving average is $174.06.

GE Vernova (NYSE:GEV) last released its earnings results on Wednesday, July 24th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. The firm had revenue of $8.20 billion during the quarter, compared to analyst estimates of $8.42 billion. As a group, sell-side analysts anticipate that GE Vernova Inc. will post 3.43 earnings per share for the current year.

About GE Vernova

GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions.